PonyLink (CEO Nam Kyung-pil, Hwang Jung-il), which is promoting a new autonomous driving business, recently stated that the abnormal stock price movement of the company in the stock market is unrelated to the company’s management situation or internal factors.
PonyLink explained that the recent sharp decline in stock price is not related to its existing business or the new business it is pursuing, and that the concentrated selling pressure through a specific securities firm appears to be the main cause of the stock price drop.
Currently, PonyLink has completed the modification of autonomous vehicles at the Operation Hub located in Seongnam, Gyeonggi Province, and is currently conducting calibration work at Hwaseong K-CITY. In addition, the company is preparing to submit documents for autonomous driving certification and is smoothly preparing to operate in the Gangnam autonomous driving pilot zone in October this year.
A PonyLink official emphasized, “The company is strengthening the fairness of decision-making to protect shareholder value and maintain market trust through transparent information disclosure,” and added, “Our management strategy is proceeding unchanged.”
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